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State Street Corp - ESG Rating & Company Profile powered by AI

Industry Group:Diversified Investment Services

The dashboard contains a questions and answers table on State Street Corp. The report of State Street Corp uses data from across the internet and also from available documents by State Street Corp. The ESG score covers seventeen UN Sustainable Development Goals including: 'Quality Education', 'Climate Action' and 'Partnerships for the Goals'.

State Street Corp in the Diversified Investment Services industry gained a UN SDG ESG Transparency Score of 7.5; made up of an environmental score of 8.0, social score of 6.0 and governance score of 8.0.

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SDG Transparency Score for State Street Corp 
Low
0 - 3
Medium
4 - 6

7.5

High Impact
7 - 10
Last Score Update: 2023-01-01
What drives the score for State Street Corp 
8.0

Environmental

6.0

Social

8.0

Governance

Detailed ESG Breakdown
SEVVA Platform offers unique drill down to the underlying sources powering the ratings. Break down your ESG analysis by 17 UN SDGs and 8 additional governance factors.

Peer Group Comparison

RankCompanySDG Transparency Score Performance
1Credit Suisse Group AG
8.7
High
2EPE Capital Partners Ltd
8.1
High
13Pinnacle Investment Management Group Ltd
7.7
High
13SF Urban Properties AG
7.7
High
15State Street Corp
7.5
High
16Brooks Macdonald Group PLC
7.3
High
16China Huarong Asset Management Co Ltd
7.3
High
.........
118Success Global Media Ltd
0.0
Low
118United Arab Investors Co
0.0
Low
.........
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Peer Companies Benchmark
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Frequently Asked Questions

Does State Street Corp reference operational or capital allocation in relation to climate change?Yes
company-nameAnnualfiling2021-02-19
Our businesses and the activities of our clients, business partners and the financial infrastructure on which we and they rely could be adversely affected bymajor weather events or other disruptions caused by climate change affecting theregions, countries and locations in which we or they have operations or otherinterests. Potential events or disruptions of this nature include significant rainfal ,flooding, increased frequency or intensity of wildfires, prolonged drought, rising sealevels and rising heat index. These events or disruptions, alone or in combination,also have the potential to strain or deplete infrastructure and response capabilitieswith respect to other weather events, such as hurricanes and other storms. Theoccurrence of any one or more of these events may negatively affect our or ourclients', business partners' or financial infrastructure providers' facilities, operations orpersonnel or may otherwise disrupt our or their business activities, including our ortheir pr...
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Does the Board describe its role in the oversight of climate-related risks and opportunities?Yes
company-nameESG Disclosurefiling2021-04-14
Since 2017, State Street Corporation has supported the mission and objectives of the Task Force on Climate-related Financial Disclosures (TCFD). The TCFD was set up in 2015 by the Financial Stability Board (FSB) to develop voluntary and consistent climate-related financial risk disclosures for companies to provide to their investors and other stakeholders. The TCFD reporting principles cover four main areas: governance, strategy, risk management, and metrics and reporting. This report provides an update on State Street's progress across these four areas.
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company-nameESG Disclosurefiling2021-04-14
GovernanceIn 2018, State Street's board of directors took on responsibility for oversight of material ESG issues such as greenhouse gas emissions and climate-related risks. State Street's overall corporate responsibility efforts are overseen by the Executive Corporate Responsibility Committee, which reports to the board of directors at least once per year. The Executive Corporate Responsibility Committee (ECRC) is charged with setting our corporate responsibility strategy, executing programs and initiatives and monitoring progress of the programs. The ECRC has been charged with supporting State Street's responses to TCFD and the European Union's Directive on Non-financial Reporting. The Global Corporate Responsibility Officer at State Street is accountable to the ECRC and provides operational leadership for the corporate responsibility activities under the committee's purview.
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company-nameESG Disclosurefiling2021-04-14
In our experience, more accurate and timely information and deeper engagement on these topics will help us, the boards and management teams of the companies we invest in, and our clients assess climate-related risks more holistically and identify opportunities to maximize value creation.
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Is Capital Expenditure linked to emissions reduction?

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Has State Street Corp submitted or committed to submit to a shareholder vote (say-on-climate) its climate strategy?

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Does State Street Corp disclose current and historical air emissions?

Does State Street Corp disclose current and / or historical ozone-depleting emissions?

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Does State Street Corp disclose current and / or historical scope 1 emissions?
Does State Street Corp disclose current and / or historical scope 2 emissions?

Does State Street Corp disclose current and / or historical scope 3 emissions?

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Does State Street Corp disclose current and / or historical emissions broken down by scope?

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Does State Street Corp disclose GHG and Air Emissions intensity?

Does State Street Corp disclose GHG Targets?

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Does State Street Corp disclose data for NOx, SOx and VOCs emissions?

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Does State Street Corp disclose its Scope Emissions targets?

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Does State Street Corp disclose current and historical energy intensity?

Does State Street Corp disclose its current and / or historical energy use?

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Does State Street Corp disclose energy use targets?

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Does State Street Corp disclose its Renewable Energy targets?

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Does State Street Corp disclose its biodiversity policy?

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Does State Street Corp disclose its forestry policy?

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Does State Street Corp disclose its internal carbon price?

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Does State Street Corp disclose long-term targets (>5 years) for reducing its GHG emissions?

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Does State Street Corp disclose Scope 3 emissions from use of sold products?

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Does State Street Corp disclose current and historical material use?

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Are Operating Expesnses linked to emissions reduction?
Does State Street Corp disclose climate scenario or pathway analysis?
Does State Street Corp reflect climate-related risks in its financial statements?

Does State Street Corp disclose the number and percentage of companies screened by environmental and social criteria?

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Are emissions metrics verified by CDP?

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Are emissions metrics verified by STBi?

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Does State Street Corp report according to TCFD requirements?

Does State Street Corp disclose current and historical waste generation?

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Does State Street Corp disclose current and / or historical waste management?

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Does State Street Corp disclose waste targets?

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Has State Street Corp published clear targets on waste management?

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Does State Street Corp disclose current and / or historical water consumption?

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Does State Street Corp disclose its waste policy?
Does State Street Corp disclose water use targets?
Does State Street Corp condunt supply chain audits?

Does State Street Corp engage third parties to conduct supply chain audit?

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Does State Street Corp disclose board meeting attendance?

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Are there worker representatives on the board?

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Does State Street Corp disclose long term financial targets?

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Does State Street Corp report NPS (customer loyalty, customer churn or satisfaction surveys) ?

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Does State Street Corp report customer churn rates?

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Does State Street Corp have a policy relating to cyber security?

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Does State Street Corp disclose cybersecurity risks?

Does State Street Corp adhere to ISO 27001 / ISO 27002 standards or the NIST cybersecurity framework?

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Does State Street Corp conduct cybersecurity training?

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Does State Street Corp disclose the individual responsible for D&I?
Does State Street Corp conduct 360 degree staff reviews?

Does State Street Corp have engagement surveys, a culture survey, a pulse survey?

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Does State Street Corp have a long term incentive (LTI) executive compensation plan based on a measure of return on capital?

Does State Street Corp disclose the vesting percentage required for performance threshold in the LTIP?

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Has State Street Corp issued a profit warning in the past 24 months?
Does State Street Corp report the average age of the workforce?

Does State Street Corp report internal employee trust metrics such as ENPS?

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Does State Street Corp permit its workforce to engage in collective bargaining?

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Does State Street Corp disclose average employee tenure?

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Does State Street Corp refer to human capital or people risk in its risk disclosures?

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Does State Street Corp promote decent work conditions in relation to its supply chain?

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Does State Street Corp allow for Work Councils/Collective Agreements to be formed?

Does State Street Corp report the number of strikes or work related stoppages?

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Does State Street Corp have an accelerator or VC vehicle to help deliver innovation?

Does State Street Corp have a chief innovation officer?

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Does State Street Corp disclose the ratio of CEO total compensation relative to average employee compensation ?

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Does State Street Corp disclose its gender pay gap?

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Does State Street Corp disclose its ethnicity pay gap?
Does State Street Corp disclose the number of employees in R&D functions?

Does State Street Corp engage in animal testing?

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Does State Street Corp engage in stem cell research?

Does State Street Corp have a commitment to a living wage?

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Does State Street Corp disclose the vesting schedule of its equity compensation plan?

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Is executive remuneration linked to climate performance?
Does State Street Corp offer flexible work?

Does State Street Corp disclose employee diversity metrics?

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Does State Street Corp disclose employee gender diversity metrics?

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Does State Street Corp disclose the pay ratio of women to men?
Does State Street Corp disclose incidents of non-compliance in relation to the health and safety impacts of products and services?

Does State Street Corp disclose information on fatalities and accidents in the workplace

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Does State Street Corp report instances of occupational ill health, injury and fatality?

Does State Street Corp disclose reportable workplace incidents?

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Does State Street Corp disclose the number of employees, new hires and turnover metrics?

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Does State Street Corp disclose parental leave metrics?

Does State Street Corp disclose employee training metrics?

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Does State Street Corp disclose the number of operations that have been subject to human rights reviews or human rights impact assessments?
Does State Street Corp disclose its policies for bribery, corruption, whistle-blower, conflict of interest?

Does State Street Corp disclose the number of customer privacy complaints?

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Does State Street Corp disclose incidents of discrimination?

Does State Street Corp disclose incidents relating human rights, child labour and forced labour?

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Does State Street Corp disclose incidents of corruption?

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Does State Street Corp disclose the number of incidents involving the rights of indigenous peoples?

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Does State Street Corp disclose incidents of non-compliance in relation to product and service information/labelling or marketing communications?

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Did State Street Corp have a product recall in the last two years?
Does State Street Corp support suppliers with sustainability related research and development?
Does State Street Corp have careers partnerships with academic institutions?
Is State Street Corp involved in embryonic stem cell research?

Does State Street Corp avoid gender bias in its hiring?

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Does State Street Corp disclose the number of hours and/or employees/security personnel trained on human rights policies or procedures?

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Potential Risks for State Street Corp
These potential risks are based on the size, segment and geographies of the company.

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State Street Corporation, through its subsidiaries, provides a range of financial products and services to institutional investors worldwide. It offers investment servicing products and services, including custody; product accounting; daily pricing and administration; master trust and master custody; depotbank; record-keeping; cash management; foreign exchange, brokerage, and other trading services; securities finance; deposit and short-term investment facilities; loans and lease financing; investment manager and alternative investment manager operations outsourcing; performance, risk, and compliance analytics; and financial data management to support institutional investors. The company also engages in the provision of portfolio management and risk analytics, as well as trading and post-trade settlement services with integrated compliance and managed data throughout. In addition, it provides investment management strategies and products, such as core and enhanced indexing, multi-asset strategies, active quantitative and fundamental active capabilities, and alternative investment strategies. Further, the company offers services and solutions, including environmental, social, and governance investing; defined benefit and defined contribution; and global fiduciary solutions, as well as exchange-traded fund under the SPDR ETF brand. The company provides its products and services to mutual funds, collective investment funds and other investment pools, corporate and public retirement plans, insurance companies, foundations, endowments, and investment managers. State Street Corporation was founded in 1792 and is headquartered in Boston, Massachusetts.